Is Icahn Enterprises LP (IEP) A Good Stock To Buy?

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find write-ups about an individual hedge fund’s trades on numerous financial news websites. However, in this article we will take a look at their collective moves and analyze what the smart money thinks of Icahn Enterprises LP (NASDAQ:IEP) based on that data.

Hedge fund interest in Icahn Enterprises LP (NASDAQ:IEP) shares was flat at the end of last quarter. This is usually a negative indicator. At the end of this article we will also compare IEP to other stocks including Huntington Bancshares Incorporated (NASDAQ:HBAN), WellCare Health Plans, Inc. (NYSE:WCG), and Martin Marietta Materials, Inc. (NYSE:MLM) to get a better sense of its popularity. Our calculations also showed that IEP isn’t among the 30 most popular stocks among hedge funds (view the video below).

Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.

In today’s marketplace there are a multitude of metrics stock market investors have at their disposal to evaluate their holdings. A couple of the most under-the-radar metrics are hedge fund and insider trading moves. Our researchers have shown that, historically, those who follow the best picks of the top fund managers can outperform their index-focused peers by a very impressive amount (see the details here).

Unlike some fund managers who are betting on Dow reaching 40000 in a year, our long-short investment strategy doesn’t rely on bull markets to deliver double digit returns. We only rely on hedge fund buy/sell signals. We’re going to take a glance at the latest hedge fund action surrounding Icahn Enterprises LP (NASDAQ:IEP).


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